Novadia

Active

Public limited companyfounded 200719 yrs activeFuchsiasstraat 26, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0892.087.818

Summary

Novadia has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€38.0m) and a net result of -€8.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 693 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

NovadiaActiveChecked score 42/100

Risk analysis Report Compare

What they do

Residential care activities

NACE 87301Business and other management consultancy NACE 70200Business consulting NACE 70220

#3 company by total assets in Sint-Jans-Molenbeek, Health and social work sector1 site

How big

€6.1mtotal assets 2024

Staff: 0.3 FTE
Equity: -€38.0m
Loss: -€8.5m

Financially healthy?

42 Weak Checked score 2024

Bankruptcy chance 12 m: 0.3%

Who decides

Parent: EMERA INTERNATIONAL · 100%
Board: 4 members
Holdings: 7

Auditor: Michel Weber, Reviseur d'EntreprisesAccounts 63 d overdue

Why 42- Annual accounts: weaker financial profile- Higher-failure-rate region- Negative equity- Filed more than 90 days late+ Lower-failure-rate sector+ Long track record+ Lower-risk legal formShow the evidence

Checked score

Score 2024

42 / 100

Weak

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency0=

Growth43=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 4.62 against 15.74 in 2023; short-term debt: 2.7% and cash: 0.4% of total assets), but equity is negative.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 87

Relative position

BE, all sectors

reference

Residential care activities (NACE 87)

about 77% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-625.9%

Return on assets

-140.3%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€38.0m

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

119 d late

2023

415 d late

2022

31 d late

2021

25 d late

2020

60 d late

2019

89 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 123 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 25% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

17-04-26 Resignation: Cécile Eudier (director)Appointment: Stéphane Cohen (director) ·…
27-11-25 Annual accounts filedfiscal year 2024 · full…
28-10-25 Appointments: Fabienne GRACCHUS (day-to-day manager) and…Ratification

Key points

Risk: Negative equityfiscal year 2024: debts exceed assets -€38.0m View
Risk: 7 loss-making years in a rowloss fiscal year 2024 -€8.5m View
Caution: Among the weakest 5% on solvencysector median 37.4% · 693 companies -625.9% View
Positive: Result rose in 2024from -€25.8m to -€8.5m ▲ 67.1% View
Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
Controlled by EMERA INTERNATIONALknown shareholders 100% 100% View
Board changedlatest change 23-02-2026 · 4 in office 1 joined · 1 left View